THE Securities and Exchange Commission (SEC) secured another victory after the Batangas Regional Trial Court sentenced seven individuals accused of being behind an investment scam to pay fines totaling P2.8 million and serve up to 20 years of jail time each.

In a decision dated July 14, 2022, the Batangas City Regional Trial Court Branch 2 found officials of Lipa, Batangas-based investment scam One Dream Global Marketing Inc., namely Arnel Gacer, Jobelle de Guzman, Judith Itoh, Marlon de Guzman, Louie de Guzman, Belinda de Guzman and Jun de Guzman, guilty for violations of Sections 26.1 and 28.1, in relation to the Securities Regulation Code (SRC).